new cbo estimates out for the first time since president obama took office, the federal deficit will drop below $1 trillion. last friday, the dow jones closed above 14,000 for the first time in more than five years. january brought modest job growth and for the big three automakers, double digit gains. and for ten consecutive months, housing prices have gone up. it's a seller's market. yesterday, president obama warned congress to avoid any self-inflicted wounds. rob and diana, back to you. >> so if you're trying to do the math here and keep up, we remember that deal at the end of the year. that's what set the taxes higher for those making $400,000 and as part of that deal, they put off those massive cuts. now they're saying march 1. that is different from the may deadline they've come up with, which is the debt ceiling. so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging n